First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) Share Price Breaks Below 50 Day Moving Average - What's Next?

Key Points

• QCLN shares fell below their 50-day moving average of $48.53, trading as low as $42.89 and last changing hands at $43.32 on volume of 75,806 shares.
• The fund’s 200-day moving average is $54.08, while it has a market capitalization of approximately $478.69 million, a P/E ratio of 23.20, and a beta of 1.65.
• Several hedge funds increased or initiated positions in QCLN, including Citadel Advisors, which expanded its holdings by 1,008.5% in the second quarter.

First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN - ) shares passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $48.53 and traded as low as $42.89. First Trust NASDAQ Clean Edge Green Energy Index Fund shares last traded at $43.32, with a volume of 75,806 shares changing hands.

First Trust NASDAQ Clean Edge Green Energy Index Fund Price Performance

The firm's fifty day moving average is $48.53 and its two-hundred day moving average is $54.08. The firm has a market capitalization of $478.69 million, a PE ratio of 23.20 and a beta of 1.65.

Hedge Funds Weigh In On First Trust NASDAQ Clean Edge Green Energy Index Fund

Several hedge funds have recently modified their holdings of QCLN. Citadel Advisors LLC grew its holdings in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund by 1,008.5% in the second quarter. Citadel Advisors LLC now owns 49,794 shares of the company's stock valued at $3,053,000 after acquiring an additional 45,302 shares in the last quarter. Forty three Eighteen Advisors LLC purchased a new stake in shares of First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter valued at approximately $1,483,000. MinichMacGregor Wealth Management LLC bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the third quarter worth $386,000. Factor Wealth Management LTD bought a new stake in First Trust NASDAQ Clean Edge Green Energy Index Fund during the first quarter worth $277,000. Finally, Ameritas Advisory Services LLC lifted its holdings in First Trust NASDAQ Clean Edge Green Energy Index Fund by 29.0% during the second quarter. Ameritas Advisory Services LLC now owns 20,895 shares of the company's stock worth $1,281,000 after acquiring an additional 4,702 shares during the period.

First Trust NASDAQ Clean Edge Green Energy Index Fund Company Profile

First Trust NASDAQ Clean Edge Green Energy Index Fund (the Fund), formerly First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ Clean Edge Green Energy Index (the Index) (formerly NASDAQ Clean Edge U.S. Liquid Series Index). The Index is an equity index designed to track the performance of clean energy companies that are publicly traded in the United States, and includes companies engaged in the manufacturing, development, distribution and installation of clean-energy technologies, including, but not limited to, solar photovoltaics, biofuels and advanced batteries.

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